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Mar 20 - 08:55 PM

GBP/USD - Conflicting Factors Suggest A 1.3000-1.3250 Range

By Andrew M Spencer  —  Mar 20 - 07:30 PM

  • -0.05% after closing up 0.25% on Friday, supported by softer EUR/GBP -0.65%

  • UK's Sunak says he will help with cost of living where possible nL5N2VN07K

  • Impact of the Ukraine situation adds to uncertain outlook for the economy

  • Charts; momentum studies rise - 5, 10 & 21 daily moving averages conflict

  • 21 day Bollinger bands contract - mixed signals favour range trading

  • Last week's sustained 1.3109 10 day moving average break suggests a range

  • 1.3001 March 2022 low and 1.3246, 38.2% Feb-Mar fall viable parameters

  • NY 1.3111-1.3197 range is initial support and resistance

For more click on FXBUZ


gbp Mar 21 Click here

Source:
Refinitiv IFR Research/Market Commentary

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